Using the correct filing status is very important when you file your tax return. You need to use the right status because it affects how much you pay in taxes. It may even affect whether you must file a tax return.
Choosing the right filing status
Posted on 12. Mar, 2014 by Catherine Joy in 2013 Taxes, Tax, Tax Reminders
Are you eligible for the Premium Tax Credit?
Posted on 09. Mar, 2014 by Catherine Joy in 2013 Taxes, Tax, Tax Reminders
The premium tax credit can help make purchasing health insurance coverage more affordable for people with moderate incomes. To be eligible for the credit, you generally need to satisfy three rules.
Are your social security benefits taxable?
Posted on 05. Mar, 2014 by Catherine Joy in 2013 Taxes, Tax Reminders
Some people must pay taxes on part of their Social Security benefits. Others find that their benefits aren’t taxable. If you get Social Security, the IRS can help you determine if some of your benefits are taxable.
Deducting medical and dental expenses
Posted on 03. Mar, 2014 by Catherine Joy in 2013 Taxes, Tax Reminders
If you plan to claim a deduction for your medical expenses, there are some new rules this year that may affect your tax return.
2014 tax season to open January 31
Posted on 23. Dec, 2013 by Catherine Joy in 2013 Taxes, Tax
The Internal Revenue Service today announced plans to open the 2014 filing season on Jan. 31.
Hire veterans by December 31 for tax savings
Posted on 19. Dec, 2013 by Catherine Joy in 2013 Taxes, Tax, Tax Reminders
If you plan to hire soon, consider hiring veterans. If you do, you may be able to claim the federal Work Opportunity Tax Credit worth thousands of dollars. You must act soon. The WOTC is available to employers that hire qualified veterans before the new year. Here are six key facts about the WOTC: Hiring […]
Three year-end tax tips to help you save
Posted on 19. Dec, 2013 by Catherine Joy in 2013 Taxes, Tax, Tax Reminders
Although the year is almost over, you still have time to take steps that can lower your 2013 taxes.
‘Use-or-lose’ rule changing for Flexible Spending Accounts
Posted on 19. Nov, 2013 by Catherine Joy in 2013 Taxes, Tax
The U.S. Treasury Department relaxed the use-it-or-lose-it rule, allowing flexible spending account holders to carryover up to $500 in unused funds into the next year.
IRS: Same sex marriage recognition
Posted on 14. Nov, 2013 by Catherine Joy in 2013 Taxes, Tax, Tax Reminders
Same sex marriages are recognized by the IRS. This article contains some excellent information in this regard. Please note that, generally, you can go back 3 years to file an amended 1040. This may be advantageous to those who wish to go back and file as “married filing jointly”. Treasury and IRS Announce That All […]
Annual electronic filing requirements for small exempt organizations
Posted on 12. Nov, 2013 by Catherine Joy in 2013 Taxes, Tax, Tax Reminders
What small exempt organizations need to do to file a 990-N postcard filing.
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